FBM KLCI may rise to 1,700 by end-2011: RHB


Salam,

Just a forecast for FBM KLCI in 2011 by RHB, taken from Business Times here. May it materialise of going even better!

Malaysia’s benchmark stock index may rise to 1,700 by the end of 2011, bolstered by sustained economic and earnings growth, RHB Research Institute Sdn Bhd said, raising its target from 1,640.Investors should focus on construction and property stocks in the immediate term, RHB said in a report today. 

It’s also “generally positive” on sectors such as banking, plantations, timber, gaming and telecommunications, it said. — Bloomberg

(The Islamic unit trust fund on my radar is registering total returns 1 year 25.65% and 5 years 101.03% as at 16 Dec. 2010. If you want to know more about this fund eligible for EPF and cash investment, call 019-985 5546)

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